Increased capital expenditures will result in improved labor productivity. Competition in the labor market will then force employers to pay out most of the increase to their employees.
Increased capital expenditures will result in improved labor productivity. Competition in the labor market will then force employers to pay out most of the increase to their employees.
Of course it will. But what's going to drive capital expenditures? Companies don't invest unless there is a reason to. And if you really thing companies will increase pay for their employees out of the goodness of their heart then you're kidding yourself.
